nayana madwani
asked 12 months ago
What is Units of constant purchasing power the assumptions characterizes the IFRS ?
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vijay
answered 12 months ago
The assumption that the stable measuring unit assumption can be rejected in certain situations: Only constant real value non-monetary items are adjusted for inflation during low inflation or deflation. During hyperinflation however, all non-monetary items are adjusted as required under Constant Purchasing Power Accounting.
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